Normally, it is mainly the weather and confidence in the economy that determine the success of the free market on King’s Day. But this year, something else plays an important role: it’s finally possible again. According to ING economist Marten van Garderen, confidence in the economy is much less important this year for your success with lots of goodies.
“Weather is certainly one of the factors that determine whether the free market will be successful,” says Van Garderen. Every year the economist evaluates the economic effects of this unique day, on which everyone can call themselves a seller.
Two years in a row we have not had a normal King’s Day. “We are now dealing with the ‘rebound effect of the coronavirus’,” says Van Garderen. “It makes consumer confidence, which normally plays a big part in our spending, much less important.”
Because this confidence in the economy is not going well because of the war in Ukraine and the rising inflation. Whether this inflation also has consequences for King’s Day dresses mainly depends on when people start buying something.
“If you really want to go on a treasure hunt, you have to get there early,” says ING economist. “For a good deal you have to, even now, at the end of the day. Then people are done with it and they think, ‘Forget it’.”
According to ING surveys, sellers expect to collect around 90 euros in normal years when selling second-hand items. Van Garderen estimates that the proceeds can amount to 100 euros if the weather is nice all day today.
Most offered in carpets
- of the book
- Materials found at home
- Clothes
Most searched by shoppers
- of the book
- toys
- Materials found at home
Source: NU
John Cameron is a journalist at The Nation View specializing in world news and current events, particularly in international politics and diplomacy. With expertise in international relations, he covers a range of topics including conflicts, politics and economic trends.
